Japan's Kobe Steel admits destroying trust

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Japan's Kobe Steel admits destroying trust

Japan's Kobe Steel apologized today after finding wider problems, dating back to 2011, with faked inspections data for metals used in many products, including cars, bullet trains, aircraft and appliances.
Kobe Steel’s president, Hiroya Kawasaki, bowed deeply in a formal apology, lamenting that "Trust in our company has dropped to zero.”
He promised a senior trade ministry off...

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Japan's Kobe Steel apologized today after finding wider problems, dating back to 2011, with faked inspections data for metals used in many products, including cars, bullet trains, aircraft and appliances.
Kobe Steel’s president, Hiroya Kawasaki, bowed deeply in a formal apology, lamenting that "Trust in our company has dropped to zero.”
He promised a senior trade ministry official that the company, Japan’s third-largest steelmaker, would provide results of safety inspections within two weeks and a report on the cause of the problem within a month.
Akihiro Tada, director of the ministry’s Manufacturing Industries Bureau, urged the company to move quickly in resolving the problems, which are thought to have affected many of the country’s largest manufacturers.
The company, Japan’s third-largest steel maker, said in a statement late yesterday that it had uncovered manipulation of data on steel powder used in metallurgy and also on high-tech materials used to create films used in computer chips. The government has urged Kobe Steel to clarify the extent of the misconduct.-AP